HomeMy WebLinkAboutMinutes_GVPID_02.08.2011GEORGETOWN VILLAGE PUBLIC IMPROVEMENT DISTRICT #1
Tuesday, February 8, 2011
Green Builders Sales Office
Madrid and Shell Road
Georgetown, TX 78633
BOARD OF DIRECTORS PRESENT
Cheryl Welch, President (M)
Jim Harrington (M)
Richard Nesbit (M)
Ken Cofer, (M)
Mike Rains (M)
Harold Hergert (A)
Michael Ashley (A)
BOARD OF DIRECTORS ABSENT
Jill Fussell (A)
Chance Leigh (M)
GUESTS
Matt Saulsgiver, SunTerra Representative
MINUTES
1. Call to order:
The meeting was called to order at 6:00 pm.
2. Financial Reports:
A. Financial status report was provided via e-mail by Lorie Lankford, City of Georgetown.
Attachment A.
B. There were no approved expenditures to report.
3. Consideration and possible action to approve the minutes of Georgetown Village Public
Improvement District #1 meetings held on January 11, 2011.
A. A motion was made to accept the minutes of the January 11, 2011 meeting as presented.
Motion -1. Harrington
Second — K. Cofer
Ayes — 5
Nays — 0
Motion approved.
4. Status update from Matt Saulsgiver, SunTerra Representataive.
Mr. Saulsgiver indicated that it was time for trimming the plants such as the irises and roses and
other ornamentals. In March, SunTerra will begin weekly landscape maintenance.
5. Consideration and possible action to approve the tree trimming proposal submitted by
SunTerra.
A motion was made to accept the proposal as presented.
Motion — R. Nesbit
Second—J. Harrington
Ayes — 5
Nays — 0
Motion approved.
6. Consideration and possible action to approve the Georgetown Village Pubic Improvement
District #1 Informational Notice regarding property owner responsibilities.
A motion was made to approve the Information Notice for dissemination to Georgetown Village
residents.
Motion — K. Cofer
Second—J. Harrington
Ayes — 5
Nays — 0
Motion approved.
Consideration and possible action to approve funding for reproduction of the Informational
Notice_
A motion was made to approve funds for the reproduction of the Informational Notice.
Motion—M. Rains
Second — R. Nesbit
Ayes— 5
Nays — 0
Motion approved.
8. Update regarding PID Board membership.
PID Board members were informed that the Georgetown City Council had confirmed the
appointments of the individuals submitted for consideration by Resolution 11111-Q dated
January 11, 2011.
9. Update on Section 6.
It was noted for the record that no further action has occurred.
10. New/Other Business
None
11. Opportunity for resident(s) to address the PID Board.
No residents were present.
12. Adjourn
A motion was made to adjourn the meeting at 6:55 pm.
Motion -1. Harrington
Second — R. Nesbit
Ayes — 5
Nays — 0
Motion approved
C�g(Ai :4L 1a- i(
Cheryl We ch, President Date
Georgetown Village PID
Revenue:
Expenses:
ATTACHMENT A
Financial Statement
Village PID
January 2011
Ad Valorem Taxes
Interest Earned
Developer Contributions
Total Revenues
Administrative Fee
Contracts & Leases (includes encumbrances)
Special Services (includes encumbrances)
Utilities/Irrigation (includes encumbrances)
Total Expenses
Current Revenues over Expenditures
Beginning Fund Balance 10/01/10
Current Funds Available
10111 Budget
YTD Activity
Variance
195,392.00
154,276.68
(41,115.32) (A)
-
351.08
351.08
195,392.00
(40,764.24)
154,627.76
7,816.00
7,816.00
136,774.00
22,979.82
113,794.18 (B)
13,677.00
13,677.00
41,033.00
14,425.23
26,607.77
199,300.00
37,405.05
161,894.95
(3,908.00)
117,222.71
121,130.71
74,734.00
145,078.12
70,344.12
(A) The majority of property tax collections occur in January.
(B) Paid out as Wilson Family Homes/Green Builders incurs landscapingimaintenance expense.
